Rural Economy

Farmers Best by Jessica Casper2

Isle of Wight Farm Characteristics

2012

2007

Number of Farms 213 195
Acres in Farm Land 75,642 73,461
Average Size of  Farm 355 Acres 377 Acres
Market Value of Products Sold
$45,625,000 $23,014,000
Source: U.S. Census of Agriculture 2007 & 2012

2012 Ag Census Profile_sm

 

 

 

 

 

 

Agriculture & Forestry have $91 Billion Economic Impact in Virginia

In August 2017, Governor Terry McAuliffe announced that a new comprehensive study shows Virginia’s agriculture and forestry industries contribute $91 billion annually to the Commonwealth’s economy. This represents a 30 percent increase from the most recent study, released in 2013, which showed an annual economic impact of $70 billion. The total employment impact of these industries also increased by approximately seven percent, from 414,700 to 442,200 jobs, representing approximately nine percent of total employment in the Commonwealth.

Agriculture and Forestry in Isle of Wight County [emphasize these numbers]:

$2.72 billion economic impact (3rd in VA)
5,100 jobs (11th in VA)

The study, based on 2015 data, was led by Dr. Terry Rephann of the Weldon Cooper Center for Public Service at the University of Virginia. It found that agriculture accounts for $70 billion of the $91 billion total, and forestry contributes $21 billion.